Elanor Investors Group has appointed property and funds management executive David McNamara as CEO, effective June 22, marking a significant leadership transition for the ASX-listed real estate investment and funds management group.
McNamara joins Elanor following more than three decades in real estate investment, funds management, asset management and capital transactions.
Most recently, he was director of funds management at Vicinity Centres, where he was responsible for managing joint-venture capital relationships and funds-management initiatives across the group. Prior to that, he held a number of senior leadership roles at Lendlease, including head of retail asset management and fund manager of APPF Retail.
The appointment follows a comprehensive executive search process as Elanor seeks to advance its capital-led growth strategy and strengthen its position across the real estate investment landscape.
Elanor chairman Ian Mackie said McNamara’s institutional capital markets expertise and proven leadership credentials positioned him well to guide the group’s next phase of growth.
“David is a highly experienced property and funds management executive with strong institutional capital markets credibility, deep governance experience and a proven track record leading complex platforms and stakeholder relationships,” Mackie said.
McNamara said he was looking forward to building on Elanor’s existing platform and working with investors and stakeholders to drive future performance.
“Elanor has a strong platform, a talented team and a compelling opportunity to build on its funds management and real estate capabilities. I look forward to working with the board, our people, investors and other stakeholders as we execute our strategy for the group’s next phase of performance and growth,” he said.
The appointment forms part of a broader board and leadership transition at Elanor. Interim MD Tony Fehon, who has led the business since September 2024, will return to a non-executive director role following a six-month transition period. Fehon played a key role in steering the business through a period of significant change, including the group’s balance sheet recapitalisation and strategic partnership initiatives.
The announcement also confirmed the departure of director Su Kiat Lim from the Elanor Board, following developments relating to the proposed Firmus Capital transaction.
McNamara’s appointment comes at a time when Australia’s property investment sector is navigating evolving capital market conditions, with experienced leadership and access to institutional capital remaining key priorities for listed and private real estate platforms alike.
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